E&G Advisors LP Lowers Stock Holdings in SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

E&G Advisors LP reduced its position in SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 4.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 9,876 shares of the exchange traded fund’s stock after selling 470 shares during the period. E&G Advisors LP’s holdings in SPDR S&P Metals & Mining ETF were worth $595,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Synergy Asset Management LLC purchased a new stake in shares of SPDR S&P Metals & Mining ETF during the 1st quarter valued at $243,000. Fifth Third Securities Inc. grew its stake in shares of SPDR S&P Metals & Mining ETF by 27.1% during the 1st quarter. Fifth Third Securities Inc. now owns 77,419 shares of the exchange traded fund’s stock valued at $4,667,000 after buying an additional 16,508 shares during the period. Pettinga Financial Advisors LLC purchased a new stake in shares of SPDR S&P Metals & Mining ETF during the 1st quarter valued at $436,000. Fox Hill Wealth Management grew its stake in shares of SPDR S&P Metals & Mining ETF by 1.5% during the 1st quarter. Fox Hill Wealth Management now owns 10,843 shares of the exchange traded fund’s stock valued at $654,000 after buying an additional 164 shares during the period. Finally, Legend Financial Advisors Inc. grew its stake in shares of SPDR S&P Metals & Mining ETF by 1.8% during the 1st quarter. Legend Financial Advisors Inc. now owns 116,165 shares of the exchange traded fund’s stock valued at $7,002,000 after buying an additional 2,049 shares during the period.

SPDR S&P Metals & Mining ETF Stock Up 1.8 %

Shares of NYSEARCA XME traded up $1.07 during trading on Wednesday, hitting $61.71. 1,458,364 shares of the company traded hands, compared to its average volume of 2,872,075. SPDR S&P Metals & Mining ETF has a 1 year low of $48.01 and a 1 year high of $65.36. The company has a 50-day moving average price of $61.16 and a 200-day moving average price of $59.30. The firm has a market capitalization of $2.08 billion, a P/E ratio of 6.15 and a beta of 1.20.

SPDR S&P Metals & Mining ETF Profile

SPDR S&P Metals & Mining ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P Metals & Mining Select Industry Index (the Index). The Index is an equal weighted market cap index. The Index represents the metals and mining sub-industry portion of the S&P Total Market Index.